Navitas raises $100M in private placement of common stock at $6.75/share

Navitas Semiconductor Corp

Navitas Semiconductor priced 14.8M shares of Class A common stock at $6.75/share, raising ~$100M gross proceeds.
Proceeds will fund working capital and general corporate purposes to support Navitas 2.0 high-power market strategy.
Private placement expected to close on or about November 10, 2025; Needham & Company acted as sole placement agent.
Navitas intends to accelerate transformation into AI data centers, energy infrastructure, and industrial electrification.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.